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The USD/JPY pair holds steady below the 160.00 psychological mark during the Asian session on Tuesday and remains close to a one-month peak, which was retested the previous day. Anxiety over Japan’s massive national debt burden, surging long-term borrowing costs, and expansionary fiscal policies continue to undermine confidence in the Japanese Yen (JPY). Furthermore, the […]
Japanese Finance Minister (FM) Satsuki Katayama said Tuesday that he confirmed with US Treasury Secretary Scott Bessent that continued, coordinated action on FX is needed. Additional quotes Shared understanding with Bessent on the significance of joint FX intervention. Can’t comment on FX rates when asked if current Yen rates are in order. Hard to say […]
The USD/JPY pair retreats from the 160.20 area, or a one-month high retested earlier this Monday, and, for now, seems to have snapped a five-day winning streak. Spot prices slide to the 159.80-159.75 region during the Asian session, though the downside potential seems limited. A modest US Dollar (USD) downtick is seen as a key […]
The AUD/JPY cross trades in negative territory around 114.50 during the early European session on Monday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) as Japanโs annual core Consumer Price Index (CPI) inflation in Tokyo rose for a third consecutive month in August, reinforcing expectations that the Bank of Japan (BOJ) could raise interest rates as […]
The Japanese yen appreciated past 160 per dollar on Monday but remained near one-month lows as the dollar strengthened following hawkish remarks from Federal Reserve Chair Kevin Warsh that boosted expectations for a US rate hike in September. Markets are now pricing in around a 57% chance that the Fed will raise rates by 25 […]
The Japanese yen was handed catalysts for gains in the form of higher Tokyo inflation and falling Japanese unemployment, yet it is losing ground against all G10 currencies. USDJPY is dangerously close to its post-intervention peak (160.00; today: +0.12% to 159.500), and a potential impulse following Kevin Warsh’s speech at Jackson Hole could test the […]
The USD/JPY pair turns positive for the fourth consecutive day following an intraday dip to the 159.00 neighborhood during the Asian session on Thursday. Spot prices currently trade near the weekly high, though the uptick lacks bullish conviction ahead of Tokyo consumer inflation figures and US Federal Reserve (Fed) Kevin Warsh’s speech on Friday. The slightly hot […]
The AUD/JPY cross trades in positive territory near 114.45 during the early European trading hours on Thursday. The Australian Dollar (AUD) strengthens against the Japanese Yen (JPY) as hotter-than-expected Australian Consumer Price Index (CPI) inflation data has bolstered market expectations for a Reserve Bank of Australia (RBA) interest rate hike. Traders are repricing the risk […]
EUR/JPY gains ground after posting minor losses in the previous day, trading around 185.70 during the Asian hours on Thursday. The technical analysis of a daily chart indicates that the currency cross is remaining within the ascending channel pattern, signaling an ongoing bullish bias. The EUR/JPY cross is maintaining a bullish near-term bias as it […]
The Japanese Yen (JPY) trades higher against the US Dollar (USD) on Wednesday, with USD/JPY dropping 0.1% to near 159.00. The Asia-Pacific currency gains amid firm expectations that the Bank of Japan (BoJ) will hike policy rates by 25 basis points (bps) to 1.25% in the September meeting. Strategists at Scotiabank note that domestic data […]
